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Do you want to start a business in 2016? Don’t start just any old business. Below are some of the top businesses to start in 2016.

1. Social Media Consultant- Starting your own social consultant business is going to be one of the top businesses to start in 2016. Social media is huge and many professionals are using it, and they need people to help run their Campaigns or start campaigns for them. If you know a lot about social media and you know how to draw attention to Facebook posts, Tweets on Twitter, comments on Instagram and so forth, then launch your own social media consultant agency.

2. Event Planner- Event planning businesses have always been great to start, and it looks like it will be that way in 2016 too. More and more companies and individuals want to have the perfect event, and you can help them get it. As an event planner, your job will be to plan memorable events for your clients and to meet clients’ objectives for their events. In order to be a good planner, you need to have good organizational skills, be creative and great with people because you will be spending a lot of time working with clients.

3. App Developer- As more businesses and professionals are turning to the internet, the need for app developers grows. As an app developer, you can create various types of apps for the businesses and professionals you work with, and you can target certain niches, such as the restaurant industry. For example, you can create restaurant related apps for client, and if you do a good job at making apps, then your clients will spread the word about you.

4. Dog Training- Do you love dogs and are you good at training them? If so, you are in luck because dog training is one of the top business to start in 2016. Many people want to have their dogs trained, and once you have success with a few dogs, their owners will spread the word about you, and then you can hire a few people to help you out as your business grows.

If you want to make good money running your own business, then become an app developer or dog trainer. You can also start an event planning business or social media consultant business. Regardless of which business you decide to start, there is a only a 20% chance you will become successful in the next 5 years. If 80% of new businesses fail then an option you have is to purchase a business. In Australia these transactions are handle by a local business broker who deals in selling businesses on commission for the business owner. By doing your due diligence you could be increase your likely hood of success many fold

German lender Deutsche Bank has raised deposit rates by up to 1.50 per cent. Revised rates are applicable from July 31. The move follows domestic private banks, including YES Bank, HDFC Bank and Axis Bank, which have upped rates by up to 4 per cent because of the tight liquidity conditions. Deutsche Bank increased the interest rate offering on the 100 days and 101-180 days buckets to 8.50 per cent. In order to contain rupee depreciation, the Reserve Bank of India (RBI) had taken multiple measures in the past couple of weeks resulting in tight liquidity situation for the banks. The decline of the rupee to a record low of 61.21 against the dollar on July 8 forced the central bank to take a series of unconventional steps to curb..

HDFC Bank, Axis Bank raise fixed deposit rates by up to 4 per cent

Faced with a tight liquidity condition, leading private sector banks HDFC Bank and Axis Bank have raised fixed deposit rates by up to 4 per cent. HDFC Bank, India’s second-largest private sector lender, has raised fixed deposit rates by 1 per cent for maturities between 15 days to 6 months one day, effective July 27. According to information available on the bank’s website, interest rate has been increased by 0.75 per cent for maturity buckets less than 1 year but over 6 months one day. Axis Bank has raised interest rate on term deposits with maturity between 14-29 days by 4 per cent to 8 per cent while in case of 7-14 days the increase is by 3.5 per cent to 7.5 per cent on bulk deposits above Rs 1 crore, effective Thursday. According to the bank’s website, interest rate has been raised by 0.5 to 2.25 per cent across the various maturities less than one year but over 29 days. In order to contain rupee depreciation, the Reserve Bank of India had recently taken measures resulting in the tight liquidity situation for the banks. Another private sector lender YES Bank had on Wednesday raised lending and deposit rates by up to 0.5 per cent. The bank revised upwards its base rate, or minimum lending rate, by 0.25 per cent 10.75 per cent. It revised fixed deposit rates by 0.25 per cent to 0.5 per cent in select..

Liquidity curbs to stay till rupee stabilises: RBI

The Reserve Bank on Thursday did not give any timeframe for rollback of liquidity tightening measures and said that they would remain in force till stability is achieved in the foreign exchange market. “Reserve Bank is as anxious as everyone to roll back the cash tightening steps sooner than later. However, the measures taken will be in place until volatility in the foreign exchange market is controlled. I do not want to give any time frame in that,” RBI Governor D Subbarao said while delivering the 5th R Venkataraman Endowment Lecture here. In order to contain Current Account Deficit (CAD) and arrest value of declining rupee, the RBI last month had raised the cost of borrowing for banks and reduced availability of funds to curb speculation in the forex market. RBI did not roll back these measures in its first quarter monetary policy which was unveiled earlier in the week. Prime Minister Manmohan Singh and Finance Minister P Chidambaram had said that the measures announced by the RBI were not indicative of firming up of interest rates in the long-term and would be withdrawn once stability was achieved in the forex market. Responding to general criticism that RBI has not been paying enough attention to growth, Subba Rao said inflation cannot be tamed without some sacrifice on the growth front. “Some sacrifices in growth is inevitable when you are trying to bring down inflation. But that sacrifice of growth is only in the short term…it is somewhere incorrect to see it as the tension between growth and inflation as hundreds of millions of people are hurt by inflation,” he..

YES Bank first to raise lending rate after RBI maintains status quo

Private sector lender YES Bank has raised its lending and deposit rates, a day after the Reserve Bank of India (RBI) maintained its status quo on key interest rates. “While the base rate has been raised by 0.25 per cent to 10.75 per cent effective August 1, fixed deposit rates have been increased between 0.25 per cent to 0.5 per cent in select tenors,” YES Bank said in a statement. The bank was the first to raise lending rate after the RBI kept key policy rates unchanged. Weighed down by a weak rupee, the central bank chose to leave unchanged the repo rate (the rate at which RBI lends to the system) at 7.25 per cent and the cash reserve ratio (the amount of deposits banks park with RBI) at 4 per cent. Soon after the RBI unveiled its first quarter review of monetary policy, many bankers had said that they may have no choice but to hike rates after a month to the detriment of retail borrowers and..